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Search Results 0 to 24 of about 25 (some duplicates have been removed)
Nov 21, 2012 7:00pm EST
that was very premature about the fiscal cliff. we still see little or no movement on a deal. president obama might want higher rates and cap on reductions for more tax revenues. that could be a deal-breaker and the markets won't stand for long while nothing gets wrong. i don't want to be overly pessimistic. i'm trying to be realistic. i'm reporting what i'm hearing. but stocks did rise a bit on news after cease-fire between israel and whhamas. is israel snaf particularly when we know that palestinians and gaza may just rest unand rearm for the next round? >>> finally as you head out into the thanksgiving traffic, ask yourself where president obama still hasn't given the green light to the keystone pipeline that would give us jobs and energy n independence? now a truly bipartisan group of senators is telling the president to make a decision right now. first up this evening, this is the big question. will we get a deal done or might president obama just let us go right over the fiscal cliff, take the recession, and simply blame the gop? this is a serious question that i'm hearing from washingt
FOX Business
Nov 22, 2012 5:00pm EST
to give the ability to get a deal on the fiscal cliff. so we have come up with their own money solutions. piles and piles of money and solutions are coming up next. in the quality of care and service we're able to provide... which mean better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ melissa: israel and hamas launching missiles back and forth. the ongoing confrontation between the two killed hamas as top's top military commander. the violence is spreading. reports in tel aviv say that tel aviv has been hit with rockets. they are now dangerously close and we need to be concerned about our energy supply. as israel's ally, what does this mean for our national security? mike barrett joins me to answer all of these questions that we have related to you right there. first of all, what do you think of israel's attack on hamas and the military leader? what you make of all this? >> one of the big things is that are tediously, we have to make sure that people are still serious and strong and not weakened by
FOX Business
Nov 21, 2012 8:00pm EST
congress to spare them on any deal of the fiscal cliff. this on top of unions everywhere flexing their muscles. airports, retail stores, hospitals. it's time to say this gravy train is over. dave, when you have? reporter: all the excesses of government and the phony rules and regulations and useless rules, these unions thrive on that. the postal employees union is extraordinary. federal and postal employees are struggling during these hard times. no other group has been asked to financially contribute in the way that they have. we know that they are making twice as much of a comparable job and the private workforce. >> there is no gravy train left. america it is not in the 50s anymore. companies along the lines of this, they can't handle the higher pay rate. there is no future for private and public jobs growing in the sector. charles: in the private sector it is all about this. if they had a really from the white house and national labor relations board. it seems like a favorable media right now. they are on the attack. i don't know if this will backfire or not. holding up traff
Nov 22, 2012 5:00am PST
of the nation's top ceos, to lawmakers about the fiscal cliff. ceo of goldman sachs says what's in this deal is less important than just getting a deal done. >> going over the fiscal cliff, it will be very bad, hugely negative for the stock market, which is, you know, a source of people's wealth. people will feel poor. if we go over for a short period of time and adjust it, we can repair some of those things. but what you won't repair is people's attitudes towards the united states as a responsible debtor. >> washington playing with fire? >> yes. yes, washington is playing with fire. and you don't get -- it's not like a football game when you get the two-minute warning. they don't tell you when you have -- you only get one more chance. >> let's bring in robert, republican strategist and richa richard, a strategist. good morning to you, guys. he said if the retirement age goes up, it is secondary to getting an actual deal. so what does that say? i'll give that to you, richard, first. >> look, business leaders have actually been very strong in a balanced approach. some revenue, some entitlemen
Nov 21, 2012 9:00pm PST
of this apparent intrangience. >> they got beat, how do they deal with the fiscal cliff, showing they are trying to create economic growth? you have had a lot of discussions, how can we create revenues, we are serious about growing revenues, the spending, the question is how do you get it? by closing loopholes, raising rates. the other question, this has been talked about as a fiscal cliff, but i later heard it described as a potential stair case, where there will be stages, rather than just one deal that ends it all. this may be something where it comes down a little bit more gradually. and you have republicans who want to say let's pass legislation now. we passed it in the house to keep the tax rates where they are, to stave off the fiscal cliffs. and democrats say we won't pass anything that extends the ratings for everybody. so the question is, what does this opening move look like. i don't think there will be much agreement on even what the opening move looks like, moving forward. >> we don't want to be pessimistic, it is almost thanksgiving, let's all just wish each other happy thanksgivin
FOX News
Nov 22, 2012 1:00pm PST
have haven't, this is going to make you want to puke. 39 days away from a fiscal cliff it turns my stomach because i have been trying to avoid the fiscal cliff. i have a lot to do. i took it upon myself to try to save the country and broker a deal, to try to get them hopping on the trillions of dollars worth of automatic spending cuts and bush tax rates that expire the same second, at stroke of midnight january 1, 2013. with the biggest names in the business community, in the political community, we tried, again and again, to come close to the crisis that could have been avoided at 39 days out remains a chasm. hear their woes, their worries, about being on the brink. fiscal cliff? or fiscal free for all? we are staring at this abyss. no one is even touching it. >> what is amazing to me this is the most predictable financial crisis ever in the history of this country. i suspect we are thought going to anticipate a recession, you will see a recession. >> we should be very careful not to go over the cliff because we will have a negative affect on this economy and on employment. >>neil
FOX News
Nov 22, 2012 3:00pm PST
with the fiscal cliff, and i don't think it's going it happen for the simple reason, the people who are the biggest donors as a couple of folks said, introducing this issue, are the most powerful people in the country. they're republicans and democrats and give, this is would decimate hospitals, museums, colleges, universities, so many charities, and that's why it's just not going to happen. and research organizations, and look, there's a lot of money there to be gained by the government. but, it won't happen because the elite of america are the big donors, the richest people and they're going to, they're the not letting this happen. >> every deduction and loophole benefits somebody or some business and a reason it's in the tax code now. and kirsten, do you think there's a chance it's on the table and when you negotiate, it has to be up for cushion. >> it's going to be on the table, but whether it's something to be bart tered away, but there was a fi philanthropic survey, and said their motivation tore giving money wasn't the tax deduction, they want to be charitable and involved in
FOX News
Nov 22, 2012 9:00am PST
to this. rick: how optimistic are you, steve, on the chances of a deal on the fiscal cliff, and if there is a deal, what could that mean for the economy as a whole? >> well, you know, i think at the optimal outcome is not to raise taxes on anybody. i do think that if the president has his way and those taxes go up on investors and businesses, it's hard to see where the jobs are going to come from next year. as you know, we still have over 20 million people without a full-time job. so i think getting around this crisis in a way where everybody agrees not to raise taxes on anybody, we go into 2013, maybe that could be the year. and, boy, what a great christmas present this would be, if we actually throw out the tax system and start over. i mean, this is my, this is my new year's wish, that we could junk this tax system, get something that's pro-growth, that creates jobs for every american who wants a job. rick: so on a scale of 1-10, how optimistic are you that we're going to yet a deal like that in. >> oh, i think we will get a deal. it could take a while. you and i could be
Nov 21, 2012 6:00pm PST
other quick issues before thanksgiving strikes us, one is the fiscal cliff. charles, you getting the same feeling i am, a more collective will to try and avoid falling off this cliff and get a deal done perhaps sooner rather than later? >> i absolutely do believe that. i believe that, you know, obama had the stronger hand, because if nothing happens, you know, no one wants that to happen and, in fact, the clock is ticking in that direction, and everybody has an incentive to say let's cut some sort of deal. and i do believe that deal will eventually encompass both revenue increases and some sort of structural realignment of some of the entitlement programs, and i actually believe the american people put aside the right and left. the american people actually are desperate to see their government be able to work, to do something. to make it happen. to not go into another situation where we have another downgrade. that is the exactly the option of what we want coming out of this presidential election, where people i think spoke and spoke rather clearly that we're going to have a divi
Nov 21, 2012 11:00pm PST
the cliff and stay over the cliff. if we're able to hammer out a deal, even if that deal isn't completely stamped and approved on january 1st, there is the possibility of a very temporary trip over the fiscal slope, if you will, and then a reversal. but if we go over the cliff and stay over the cliff i'm pretty sure we'd be looking at recession. >> what about the impact on world markets and money markets in new york, et cetera, et cetera, what would it do about the confidence of the united states' ability to deal with fiscal matters, if we go over the cliff in any way? >> yes. if you look at those markets today you'll see they're pricing in a solution. that's why treasury bills have a yield of 1.6%, historical low. if those markets believed, as i described it, a deal was in the offing just wasn't signed on january 1st we'd be okay with a temporary trip over the cliff, which i think would be a terrible outcome but would be better than a total can kick. if we go over and stay over, markets will punish us. >> let me with-g with joan. when you look at these numbers and the decision -- let's s
FOX Business
Nov 22, 2012 12:00am EST
will getting into college. i've got what it takes. so do you. melissa: so the fiscal cliff is four days away. what are we to overcome a good deal to avoid it seems taxes are going up. i thought the tea party would save us. wasn't that their rally cry in the first place? to him i is and co-author of the book. why deprive of our public depends on our honor. are you guys going to stop this somehow? >> i think it is something the tea party has put massive amounts of energy into it if you think about it, the democrats fight the republicans, republicans fight the democrats, the tea party has to fight on both fronts. it requires extra amount of strategy and foresight and vision remembering the tea party is really only four years old but has regrouped. the tea party is very committed to getting involved in infiltrating the g.o.p. on the local level, that is all still happening very actively. melissa: it sounds like i'm about to be taxed to death. i could go to bermuda, but that is about it. other than that, it is going to happen. >> some things will happen, but i do think the tea party people who ha
Nov 21, 2012 4:00pm PST
' ability to deal with fiscal matters, if we go over the cliff in any way? >> yes. if you look at those markets today you'll see they're pricing in a solution. that's why treasury bills have a yield of 1.6%, historical low. if those markets believed, as i described it, a deal was in the offing just wasn't signed on january 1st we'd be okay with a temporary trip over the cliff, which i think would be a terrible outcome but would be better than a total can kick. if we go over and stay over, markets will punish us. >> let me with-g with joan. when you look at these numbers and the decision -- let's start with the issue. last summer you and i went through this with the debt ceiling that came apart. there was a good deal from the republicans and they walked away with from it. the president wanted $800 billion in revenue and they got a ton of spending cuts. this year we got it from "the wall street journal" yesterday morning, they'll settle for a 1-4, in other words take $1 in tax increases for $4 in spending cuts. jared and i were talking this afternoon about the possibility, what i think wo
Nov 21, 2012 4:30pm PST
, we have a thanksgiving special edition. on the fiscal cliff, those big spending cuts and tax hikes set to hit the u.s. economy on january 1, we examine whether congress and the white house can strike a deal to avoid going off the cliff. so be sure to join on us, we look at the impact of the cliff on jobs, how strategies for investors, and tom talks with mark mobius, the global investing guru. that's "nightly business report" for wednesday, november 21. happy thanksgiving everyone, and hope you have a great holiday too tom. >> tom: goodnight susie, we'll see you online at: and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh >> join us anytime at there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
FOX Business
Nov 21, 2012 11:00pm EST
in a lot of trouble. you know, at the fiscal cliff, anxiety raises. i don't think anyone is talking about entitlements. >> actually, going back to what you said about 45 million, i don't know the exact number, when you think about it, that is one out of seven americans. one out of four is having their turkey dinner paid for by taxpayers. what is wrong that people can't afford to put food on the table. it's a tstament to how this economy is. and how much we have created the entitlement mentality that everyone feels they should that they should be on food stamps. when you look at the costs, within about two years, texas at the federal level are going to go just to pay for entitlement programs that have no money left over to pay for all of the other programs of the government. and i find it very suspicious and interesting as you do that here we ha been talking about this for the last couple of weeks and nobody is talking about reforming these things. >> here is the thing. my idea is let them out there. you have a coupe of years to do damage control. ultimately, if everyone gets their head in
Nov 21, 2012 5:30pm PST
you. congress and the president have just 40 days to avoid the so- called fiscal cliff. when the ball drops on new year's eve, tax hikes and severe spending cuts will kick in automatically unless a deal is reached. wyatt andrews spoke with two men who say they know how it should be done, if only washington would listen. >> reporter: two years ago, the fiscal commission chaired by democrat erskine bowles and former republican senator alan simpson proposed every basic element of the fiscal cliff solution being discussed now. their plan was a mixture of higher taxes, lower spending and the reform of medicare and social security. both men told us sacrifice has to come from everyone. >> all of us have to have some skin in the game to get it done. >> if you want something, pay for it. it's a sick idea, but it is an interesting idea. >> reporter: their biggest idea was to increase revenue by combining both the president's demand for higher taxes on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for individuals and c
Nov 22, 2012 6:00am PST
hopeful. that being said, we still have issues looming on this fiscal cliff. we're starting to see consumer confidence weighing a little bit. i think hurricane sandy had something to do with that. >> yeah. >> this could go either way this season. >> you combine the holiday spending with the fiscal cliff. is there a chance that if we get this $586 billion or whatever is expected to come in, that it has a lasting effect on the economy? >> you know, i think -- i would like to say yes. and given holiday -- looking at last year, we saw about 600,000 jobs added for the holiday. about that number is expected this year as well. jobs are good for the economy. spending is good for the economy. but whether we can maintain that, whether a deal can be reached on that cliff remains to be seen. we could see of the u.s. fall into recession. hopefully that won't be the case. hopefully, you know, a deal will be reached and we can move forward. >> that's probably the most pressing issue right now. morgan, thank you for bringing us up to date on the retail angle. >>> coming up, health care hang-ups, a
FOX Business
Nov 22, 2012 6:00pm EST
been talking a lot about the fiscal cliff, and i think it is critically important for anyone in the housing market right now. you could see higher taxes, change the way you think a lot investing. you could find out that you are really on the hook for more money. what are you telling people about that issue? >> you know, there are certain things we can control and certain things that we can't. the government could make some -- the government to make some disastrous decisions for the real-estate market like letting the -- letting expire the debt forgiveness act. mortgage tax deductions all sorts of things go wrong. would you care right now is, can you afford to buy property safely, are you in a relatively stable job? affordability levels are still at historically good numbers. is really a good time to be on the market if you can get the financing. you hope that saner heads prevail and we don't go off the fiscal cliff. gerri: if you're looking for opportunity in the housing market, right now is it. thanks. appreciate your time. thank you. >> my pleasure. gerri: is now the best t
Nov 21, 2012 7:00pm PST
million last year. the report mainly blames the slow economy and concerns over the fiscal cliff. wrr. >> call calder the luckiest turkey in america, after receiving an official poardon from the president. >> we'll be right back. with verizon. hurry in this friday for great deals. like the droid razr by motorola in cranberry, free. or a white 7-inch samsung galaxy tab 2, just $99.99. this friday, get the best deals on the best devices on the best network. exclusively at verizon. [ male announcer ] a european-inspired suspension, but it's not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like nother. introducing the all-w 2013hevrolet malibu, our greatest malibu ever. ♪ of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] telle about it. why am i not going anywhere? you don't believe ha
Nov 22, 2012 4:00am PST
in washington with plenty to do trying to negotiate a solution to stave off the fiscal cliff. everyone was getting along last friday when all of the leaders met at the white house but now that it's time to deal things are getting a bit tougher. let's bring in david and steve. happy thanksgiving, guys. thanks for getting up early with us. >> good morning. >> first one to you, david, the staffers have told politico that these talks are off to a rough start and issue is, it's the same, the revenue, how to get it. what congressman tom cole said on "jansing and company" yesterday. >> important as to how you get that revenue. i was disappointed to see leader pelosi say it had to be higher rates or nothing. i don't think that's the way you begin a negotiation. >> what about the possibility of keeping the same rates but eliminating deductions for the wealthy in. >> i think that's a good potential suggestion. >> so you hear that, republicans have opened the door to revenue but not by raising taxes. is that going to be enough? might that be the compromised point? >> if you listen to the white ho
Search Results 0 to 24 of about 25 (some duplicates have been removed)